PROJECT

Projects

Summary of Investment Information

Project Number

32571

Company Name

CIRCLE OIL PLC

Date SPI Disclosed

May 13, 2013

Country

Middle East, Pakistan, and Afg Region

Region

Middle East

Projected Board Date

Jun 21, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 11, 2022

Department

Gbl Infrastructure & Natural Resources

Industry

Metals and Mining

Previous Events

Approved : Nov 8, 2013
Signed : Mar 13, 2014
Invested : Apr 30, 2014

Sector

Oil and Gas Production (Includes Development)

Project Description

Circle Oil plc (“Circle Oil”), established in 2003, is an oil and gas exploration and production company incorporated in Limerick, Ireland, focused on the MENA region. The proposed investment by IFC will fund Circle Oil’s production, development and exploration program in Egypt, Tunisia and Morocco and support its production growth plan.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation